Consolidated Revenues grew by 1.1 mn EUR to 12.403 mn EUR
All operating units improved operating results
Planned investments in Research and Development
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, releases selected financial figures for the operating business units SYSTEMS, MANUFACTURING and SERVICE for the second quarter 2014.
In the period from April to June of the fiscal year 2014 the operating companies of the UET core electronic business units generated consolidated revenues of 12.403 mn EUR. Revenues were 9% higher compared with the same period of the previous year.
All operating units and companies were able to improve the operating performance and results compared to the same period of the previous year. Excluding consolidation effects revenues and operating profit are:
ELCON Systemtechnik within the business unit SYSTEMS grew revenues from 8.138 mn EUR to 8.872 mn EUR which represented an increase of 9%. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 28% to 1.118 mn EUR. ELCON's EBIT grew by 34% to 0.814 mn EUR. Investments in Research and Development for product development have been increased again.
For the business unit MANUFACTURING LETRON Electronic reports an increase in revenues of 5% to 2.394 mn EUR for the second quarter. After the successful restructuring performed in 2013 the EBITDA improved by 0.170 mn EUR to 0.032 mn EUR. EBIT grew from -0.142 mn EUR by 0.173 mn EUR to 0.031 mn EUR. NEWTAL Elektronik & Systeme increased revenues by 31% to 2.871 mn EUR and grew the EBITDA by 0.162 mn EUR to 0.083 mn EUR. EBIT has been improved by 0.159 mn EUR to 0.059 mn EUR. Consequently both companies within the business unit MANUFACTURING continued successfully and enhanced the positive results of the first quarter.
Continuing its positive development of the recent quarters SUCONI Service within the business unit SERVICE reported additional growth. Revenues grew by 22% to 0.589 mn EUR. Both EBITDA and EBIT improved by 0.003 mn EUR. Earnings before interest and taxes amounted to 0.005 mn EUR.
For the 3rd quarter 2014 further additional investments in product- and market development projects are scheduled. We expect another positive business development.
The reported financial figures do not include consolidation effects of existing non operating UET Holding companies. Extended full consolidated financials will be released with the next half year report. The half year report 2014 will be released by August 29th at the latest.
Contact:
UET United Electronic Technology AG
Frankfurter Stra e 80-82
D-65760 Eschborn
Sebastian Schubert
Investor Relations
Tel: 49 (0) 6196 777755-0
E-Mail: investor@uet-group.com
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